Daily updated news about the Vietnam
LONG AN — The country's biggest plywood manufacturing plant opened its doors in the southern province of Long An on Thursday, according to provincial Department of Planning and Investment Director Nguyen Minh Ha. Financed by Vina Eco Board, the US$110 million plant has an annual capacity of 250,000 cubic meters and covers a total area of 20ha...
Posted date: Sat, 19 May 2012 - From: Investment News
BINH DINH — Measures to accelerate Viet Nam's wood and seafood exports to the European market were highlighted at a seminar held in the central province of Binh Dinh on Thursday. During the event, experts from these sectors in the province and Germany reviewed exports to the EU. A number of challenges and potentials for exports were also put...
Posted date: Sat, 19 May 2012 - From: Trade News
HCM CITY — High credit limits and more international privileges on aviation, tourism, health and beauty products and services are some of the advantages of the Techcombank Visa Platinum card, which was officially launched in HCM City on Tuesday. With 30 million transaction sites around the world, the Platinum card owner can spend up to VND1...
Posted date: Sat, 19 May 2012 - From: Banking News
IBM has taken a major step towards a new, simpler era of computing with the introduction of "expert integrated systems", which it showcased at the IBM Technology Exhibition and Workshop in HCM City on Tuesday. The US giant said PureSystems offered clients an alternative to today's enterprise computing model, which uses multiple systems that...
Posted date: Sat, 19 May 2012 - From: Technology News
HA NOI — The Prime Minister has asked the Ha Noi People's Committee to implement planning of the road connecting Nhat Tan Bridge to Noi Bai International Airport to become a modern and model road of the city's gateway. He also allowed the city to develop land, finance and investment policies as well as choose investors and mobilise capital...
Posted date: Sat, 19 May 2012 - From: Investment News
HA NOI — Petroleum importers have made a windfall profit of VND700-800 (US$0.033-0.038) per litre of oil over the past month as world oil price falls have not been fully reflected in retail prices. Meanwhile, some distributors have increase commissions to retailers to nearly VND1,000 per litre in a scramble for market share. World oil...
Posted date: Sat, 19 May 2012 - From: Trade News
HCM CITY — Residential developers will likely be required to set aside at least 10 per cent of their projects to build apartments for rent if a draft decree from the Ministry of Construction is approved by the Government. The Law on Housing enacted in 2005 encourages organisations and individuals of all economic sectors to participate in...
Posted date: Sat, 19 May 2012 - From: Real Estate News
HCM CITY — The trend of companies in HCM City making losses continues, with three-quarters losing in the first quarter, and government policies to support them are not proving very effective. At a meeting held earlier this week to review tax collection and gather opinions for amending the Law on Tax Management, the Tax Department said only...
Posted date: Sat, 19 May 2012 - From: Business News
HA NOI — The Ministry of Construction (MoC) has proposed to delay the submission of a development plan on foreign direct investment for the real estate industry to the Government until August at the Prime Minister's request. So far, the ministry said, some ministries and 18 cities and provinces had not yet sent in reports on developing FDI...
Posted date: Sat, 19 May 2012 - From: Real Estate News
HA NOI — Total car sales dropped sharply last month, beating industry expectations about imminent market recovery following satisfactory results in March. April sales reached nearly 7,000 units, declining 24 per cent over March and 46 per cent over the same period last year, reported the Viet Nam Automobile Manufacturers' Association...
Posted date: Sat, 19 May 2012 - From: Automotive News